AME Elite Consortium IPO
Construction. Offered at RM1.30 a share, listed on 14 Oct 2019.
Timeline
- Offer opens24 Sept 2019
- Offer closes30 Sept 2019
- BallotingDone
- Listed14 Oct 2019
Public applications for 4.4 times the shares on offer, 2,449 applications.
Opened below the offer price, closed +19.2% on day one.
About AME Elite Consortium
A construction and property group with core expertise in the construction of customised large manufacturing plants as well as design-and-build of industrial parks, complemented by engineering services and property investment and management services in Malaysia.
CISCOM's forecast for AME Elite Consortium is available to Pro members.
Every IPO gets a projected first-day range and a probability of opening above the offer price, built from the most similar past listings on Bursa Malaysia. Across 246 IPOs in the walk-forward back-test, the model called the first-day direction right 74% of the time. Educational estimates, not investment advice.
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Facts on this page come from Bursa Malaysia announcements, the prospectus and issuing-house press releases, and can change. CISCOM is an educational service and does not provide investment advice. Past performance does not guarantee future results. Consult a licensed adviser before investing.